The pace of technology adoption is getting faster and the time period for a new technology to become mainstream is getting shorter – it took 40 years for electrical power to be present in 90% of US households but only 24 years for computers and 10 years for social media usage.
Month: September 2020
Looking at the US Aug Unemployment report
The US unemployment report for Aug showed the 2nd biggest monthly drop in US unemployment after a 2.2% reduction that occurred in June 2020. However there are a three caveats to the impressive rebound; biggest increase was driven by temporary hiring for 20202 Census and the permanent job losses continued to rise while the number of long term unemployed hardly moved.